At their core, the Principles emphasize that investments—especially public investments—must safeguard retirement security and build safe, resilient communities, not fuel corporate greed.

Read the Principles here: www.sierraclub.org/articles/202...

🌍 Developed with labor, environmental, and public interest partners, the Principles call on financial institutions to:
✔️ Drive real-world decarbonization
✔️ Support workers & green jobs
✔️ Protect nature
✔️ Strengthen community climate resilience

🚨 BIG NEWS: Sierra Club has released new guidance for financial institutions on what constitutes credible investments in #climate solutions.

To protect savings, investments must cut emissions, support workers, protect nature & build resilient communities.

www.sierraclub.org/press-releas...

While engagement matters, the real test is:
– Ending fossil fuel financing in the near term
– Dramatically scaling up investment in clean energy & climate solutions

Most global financial institutions are lagging.
@sciencebasedtargets.org new standard will help push the financial sector to do more.

New op-ed: SBTi’s new Financial Institution Net-Zero Standard challenges finance on its climate pledges: credible net-zero means reallocating capital. Will global finance rise to the occasion?

👉 www.sustainableviews.com/sbti-challen...

@financialtimes.com & @sustainableviews.bsky.social

✅Carbon offsets & carbon credits don't count toward a net-zero target.
❌ The development and publication of transition plans, highlighting the strategy to hit net-zero goals, is merely a recommendation, not a requirement.

✅Requires financial institutions to publish their clean energy-to-fossil fuel financial ratios.
❌Reporting this is a helpful tool, we just need not equate disclosure with action.

✅Recognizes that net-zero is about more than energy & requires no-deforestation engagement plans for portfolio companies.
❌ Previously required ~financial institutions~ to have no-deforestation policies & phase out deforestation in their financial activities.

...for example, the 2025 Banking on Climate Chaos report reveals that nearly 95% of bank financing of fossil fuels in 2024 went to general purpose financing, as opposed to project specific financing.

(explore data here: bankingonclimatechaos.org)

✅Clarifies #fossilfuel financing incompatible with net zero. No new $$ for coal projects, coal companies, oil/gas projects.
❌Loophole to allow financing of oil & gas expansion by permitting general corporate financing until 2030. This is mostly what oil/gas financing is...

Corporate standard setter @sciencebasedtargets.org released its final net zero standard for financial institutions. Press release followed by a quick rundown of major highlights / lowlights
www.sierraclub.org/press-releas...

➡️ New op-ed: Retirement security doesn’t stop at savings—it’s about the world we retire into. We need to increase investments that build a clean & equitable future. BlackRock, public pensions, & peers must do more to help us #retire with dignity. #climatechange

www.commondreams.org/opinion/reti...